What is new slab rate of income tax?

Income Tax Slabs & Rates 2020-2021

Income Tax Slab Tax rates as per new regime
₹0 – ₹2,50,000 Nil
₹2,50,001 – ₹ 5,00,000 5%
₹5,00,001 – ₹ 7,50,000 ₹12500 + 10% of total income exceeding ₹5,00,000
₹7,50,001 – ₹ 10,00,000 ₹37500 + 15% of total income exceeding ₹7,50,000

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